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SEIFSA Encouraged by Rebound in Selling Price Inflation Data- The 21st China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
3/2/2020 金属板材展-棒材-线材展 -plate metal expo-wire expo |
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The Steel and Engineering Industries Federation of Southern Africa has welcomed the latest Producers Price Index data, which shows an uptick in selling prices for primarily intermediate goods of the metals and engineering sector. SEIFSA Economist Ms Marique Kruger said “Given the volatile historical trend of the PPI owing to factors affecting supply, the latest manufactured goods data is encouraging. Producers prefer stability in the data which enables forward planning in a difficult business climate, underpinned by difficulty in passing on price increases onto the market. Moreover, the volatility in selling prices compels manufacturers to absorb unusual spikes in input and material prices in order to stabilise selling prices and keep loyal clienteles.”
Ms Kruger said that generally, the latest data is good for businesses which are provided with an opportunity to perk-up margins and leverage cost-push inflation, also enabling their sustainability. This, she said, would provide impetus for growth in the M&E sector, as well as the broader manufacturing industry and the economy.
The data, released by Statistics South Africa this morning, shows a rebound in the PPI for intermediate manufactured goods from -1.5 percent in December 2019 to 0.7 percent in January 2020. The increase is consistent with the annual change in the PPI for final manufactured goods, which increased to 4.6 percent in January 2020, from 3.4 percent in December 2019.
金属板材展-线材展-金属加工展-2020第二十一届广州国际金属板材、棒材、线材及金属加工设备展—全球三大金属展之一巨浪展览
-- The 21st China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
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